Right on the heels of B&H Photo’s incredible deal on Lightroom earlier this month, Adobe is now offering their Student/Teacher edition of CS5 Extended for 80% off of the regular price of $199 using the discount code “SAVE80EDU”

Although CS5 is obviously on its way out – making room for the highly-anticipated CS6 and features like content-aware move – those of us who won’t be able to pony up the cash for the new suite will be more than happy its predecessor.

All you have to do to qualify for the deal is prove to Adobe that you are, indeed, student or faculty at an accredited university or secondary school. Once this is done you’ll also have the choice between a downloadable copy for $39.80, or paying an extra $5.95 to have a retail copy shipped your way.

In my opinion the deal is too good to pass up, but if you want to take some time to ponder the advantages of CS6 and whether or not you’ll want to wait, keep in mind that the deal is only available until March 3rd.